Notice: Trying to access array offset on value of type null in /srv/pobeda.altspu.ru/wp-content/plugins/wp-recall/functions/frontend.php on line 698
Education
News
Simulator
Your Money
Advisors
Academy
Credit & Debt Debt Management
National Debt Relief Review
National Debt Relief can help to settle your obligations for less than what you owe
By Holly Johnson
Updated January 13 2023
Reviewed by Margaret James
Facts checked by Katrina Munichiello
We recommend the best products through an independent review process Advertisers do not influence our picks. We may receive compensation if you visit companies we recommend. Read our advertiser disclosure for more info.
National Debt Relief logo
The Rating of Investopedia is 4.6
Request a Quote
Our Take
National Debt Relief is a highly rated debt relief company that offers a free consultation with debt counsellors who can help. Founded in 2009, this firm helps consumers settle debt for less than they are owed. Our independent evaluation of debt relief companies, National Debt Relief earned the highest ranking for being «best all-around.»
Pros & Cons
The most important takeaways
Company Overview
Pros
No upfront settlement fees
Free consultation can help you compare your options
Client portal lets you track your progress in real-time
Cons
The cost of fees can be as high as 25% of your settled debt
No mobile app available with the program.
National Debt Relief logo
overall rating 4.6
Get an Estimate
Table of Contents
Pros Explained
Cons Explained
Types of Debt Addressed
Client Onboarding
Customer Service
Company Reputation
Average Amount of Relief
Average Time for Relief
Cost
The Concurrence
Final Verdict
Methodology
National Debt Relief is a firm that provides relief via the process of debt settlement. The goal of this process is to assist customers in getting free of their debt. In this method, you’ll put an amount in a savings account each month until you’re ready to «settle» your debts for less than what you have to pay.
You’ll be paying National Debt Relief a percentage of the debts that they settle, but only after you’ve seen results. This company claims that, regardless of accounting for their costs, customers save between 30% and 50% of their original debt when the process is finished.
A free consultation can aid you in deciding whether debt settlement is the right choice for you.
The process of settling debts can do negative effects on your credit score as you stop making payments on your debts as part of your plan. Make sure you understand the advantages and disadvantages of debt settlement prior to deciding whether you want to start, and compare with several debt relief companies before making a choice.
Pros Explained
There are no upfront fees for settlement No upfront settlement fees: With National Debt Relief, you only pay when you achieve results. Fees are charged as an amount of the debt settled and only when the negotiation has been concluded.
Free consultation can help you evaluate your options: You can call National Debt Relief to speak to a debt advisor at no cost. The consultation will give you the opportunity to ask questions and determine if debt settlement is right for you.
Client portal lets you monitor your progress live In contrast to other debt relief companies, National Debt Relief has an online client portal that lets you oversee your program and track your debt settlement process regardless of day or night.
Cons Explained
Fees can reach as high as 25% of the amount you have settled debt. A few of the debt relief companies we independently studied charge fees at a lower percent that National Debt Relief.
There is no mobile application available for the program: While National Debt Relief does have an online client portal, this debt relief service doesn’t provide an app on mobile that lets you track your debt settlement program on the go.
Types of Debt Addressed
National Debt Relief aims to aid consumers to pay off unsecure debt, which includes all debt that isn’t secured by collateral. It is good to know that the company offers a debt qualification page on their website , where they explain which debts do not are eligible. The principal types of debt they handle are highlighted below.
Credit card debt
If you are in credit card debt on a traditional credit card or store credit card, National Debt Relief can help you settle for less than you are owed. This is the case for the most popular credit cards such as American Express, Visa, or Discover and co-branded cards from retailers like Kohl’s or Sears.
Personal loans and payday loans
You may also negotiate and pay off any personal debts that you are facing, which includes personal loans from a bank or online lender or even payday loans. Installment loans can also qualify.
Business debts
Business debts can be resolved through negotiations and with less debt than you are owed now. National Debt Relief says these loans should be secured, and they prefer to negotiate debts for businesses which are closed.
Unpaid medical bills
National Debt Relief can also assist you in paying less than what you owe on your medical expenses. Negotiations can be completed successfully by working with hospitals, doctor’s offices, and other medical providers.
Back rent
If you’re in debt on the rent you pay, then you may be able to negotiate the amount due in arrears. But, you’re able to negotiate the debt if you are no longer an resident.
Private student loans
It is also possible to settle debt tied with private school loans at a lower rate than your total balance. Take note you that federal student loans do not qualify for debt settlement.
It is possible to bundle more than one kind of debt into a settlement program. If you’re in debt from medical bills, and business debts for instance, National Debt Relief can help you settle all of them during your program.
Client Onboarding
Getting started with National Debt Relief requires you to contact us to get a no-cost consultation. During this conversation with a debt counselor, you can talk over your financial situation and circumstances before determining the length of time the process of settling your debts could take and how much you can save.
National Debt Relief states that you have to have a minimum balance of $7,500 in order to qualify for their program. Also, you must not be «several months behind on your payments» since creditors won’t have an incentive to negotiate if you’re current on your payments.
If you aren’t able to pay off enough debt to qualify for the debt settlement program then you may want to look into other options , such as credit counseling or Debt management plans (DMPs) or the debt consolidation loans.
Customer Service
The benefit when working with a company that deals in debt relief is that they know the debt collection regulations and rules in and out. For instance, National Debt Relief states their expert debt counselors and experts are able to assist you with your way through the Fair Credit Reporting Act, the Fair Credit Billing Act, and the Fair Debt Collection Practices Act as you settle your debt.
This firm offers telephone and email customer service. For your free debt consultation, you can contact an adviser every day from 8 a.m. until midnight EST and also on Saturday from 10 a.m. until 10 p.m. Customers who are already customers can call to get help via phone every day from 10 a.m. until 8 p.m.
National Debt Relief doesn’t offer a mobile app or a chat feature online which means there are less ways to reach out for assistance than some of the providers provide. However, their many positive user reviews boast about a quick response time and the willingness to help.
Company Reputation
The debt relief industry has many scams, which is why it is important to investigate businesses before signing up for their services. One method to accomplish this is by using the Consumer Financial Protection Bureau (CFPB) database that allows you to find complaints of users from the debt settlement firms.
The company has an average of 4.7 out five stars, based on nearly 35,000 reviews posted by users on Trustpilot.
Because of their excellent reviews and rankings by third parties, National Debt Relief received one of the top scores on reputation and reputation among our independent study.
If you have a complaint about the services of a debt relief company, you can file a complaint with the FTC or contact 877-FTC-HELP.
Average Relief Amount
National Debt Relief states that the amount you will save is dependent on a variety of elements. But, the majority of people can save between 30% and 50% off the original amount of debt and these savings are realized even after taking into account the costs you have to pay for the credit settlement plan.
Average Time to Relief
Settlement of debt via National Debt Relief should take between 24 to 48 months all together, which is average among other firms. The amount of time it will take to complete your program can vary based on how much you owe, how much you can save every month, and other variables like the willingness of creditors to negotiate.
Cost
National Debt Relief says their clients pay an average between 15 and 25 percent of the debt they enroll into their service. But, this fee is only due once results are achieved and debt is settled for less than the owed amount.
Generally speaking, their fee ratio is at par with the industry average.
The Competition
National Debt Relief Accredited Debt Relief
Year of Founders 20092011
Accreditation — Accredited by the American Fair Credit Council (AFCC)
— Accredited with the International Association of Professional Debt Arbitrators (IAPDA) — Accredited by the American Fair Credit Council (AFCC)
Non-accredited with the International Association of Professional Debt Arbitrators (IAPDA)
Services Offered Debt settlement Debt settlement
Touchpoints for Customer ServiceFree consultation; Phone and email customer service Client portal online for free consultation; Customer service via email and phone
Fee : No upfront charges and pay between 15% and 25% of your debtThere are no upfront costs; pay 15% to 25 percent of your debt
Average Program Time 24-48 months24-48 months
We chose to compare the top-rated National Debt Relief to Accredited Debt Relief, the company offering debt relief that earned the second-highest ranking in our study. Both received high ratings from Investopedia based on its customer support, business reputation, fees, and services provided. They also offer the same program length from 24 to 48 months, and both offer a free consultation and charges that range from 15% to 25% of your settled debts.
In this regard, National Debt Relief stands out due to the fact that it has IAPDA accreditation. National Debt Relief also offers an efficient online portal for customers to monitor their program and keep track of their progress any time of the night or day.
Final Verdict
The bottom line is that there’s no debt relief firm that we’d recommend higher that National Debt Relief due to its professionalism, efficiency of the company, costs and fees, and the quality of its customer service. The company earned an average rating in the range of 4.63 out of five potential stars on our analysis, while the typical company scored just 3.56.
If you’ve got at least $7,500 of unpaid debt that you’d like to pay off and you’re in need of help, contact National Debt Relief for a free consultation. There aren’t any upfront costs to pay, and you’ll be able to discover whether debt settlement is the right choice without any obligation.
Request a Quote
How We Review Debt Relief Companies
Investopedia conducted an independent research which compared more than 15 debt relief businesses based on the quality of their service to customers, their ranking and reputation for their business in terms of product offerings, pricing and transparency. We looked for debt relief companies that have positive reviews and testimonials from customers, customer access to service, and essential information regarding their plans that are readily available on the internet, in addition to companies with high ratings from third party sources.
Ultimately, National Debt Relief scored the highest rating of 4.63 out five stars in our ranking and gave them the top spot being «best in all.»
Related Articles
A man sitting at his desk, armed with a computer and phone seems to be in a state of anxiety.
Debt Management
Debt Settlement: A Guide for Negotiation
Note with words debt relief on a table
Debt Management
Debt Relief Review Methodology
Debt Management
Debt Settlement: Cheapest Way To Get Out of Debt?
Debt Management
What You Need to Learn About Bankruptcy
6 Credit Card Mistakes that can be costly
Tips & Tips and
6 Major Credit Card Mistakes
Anxious person looking at student loan bill
Debt Management
Should I Make Partial Payments on my Debt?
If you beloved this article therefore you would like to receive more info about Payday Loans Near Me (http://www.royalirishlancers.co.uk/CavalryScout/us-cavalry-clarksville-tn) nicely visit our own web page.